Mirvac Group (OTCMKTS:MRVGF) Short Interest Up 37.8% in August

by · The Cerbat Gem

Mirvac Group (OTCMKTS:MRVGF – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 236,200 shares, anincreaseof37.8% from the July 31st total of 171,400 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 112.5 days. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 112.5 days.

Mirvac Group Price Performance

Shares of MRVGF stock remained flat at $1.50 during trading hours on Monday. The firm has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.33. Mirvac Group has a 12 month low of $0.92 and a 12 month high of $1.63.

Mirvac Group Company Profile

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Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.

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